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TPG India to invest $120 mln in Shriram Retail

Fri Sep 12, 2008 4:20pm IST
 
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MUMBAI (Reuters) - Shriram City Union Finance Ltd said on Friday TPG India Investments Inc would invest $120 million to buy up to 49 percent in Shriram Retail Holdings Pvt Ltd.

TPG would also make an open offer for the same and would indirectly hold 26.7 percent stake in Shriram City Union Finance, the latter said in a statement.

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008. REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India: Too early to assess crisis impact
Asia banks, builders hammered

26/11 - SPECIAL COVERAGE

A man walks with the Indian national flag in front of the Taj Mahal hotel, one of the sites of last year's militant attacks, in Mumbai November 26, 2009. REUTERS/Punit Paranjpe
One Year Later

Mumbai held tearful memorials as it marked the first anniversary of militant raids that killed 166 people.   Full Article | Full Coverage 

Sachin Tendulkar speaks during a news conference in Mumbai November 13, 2009. REUTERS/Punit Paranjpe
Sachin Tendulkar

It's 20 years since he made his Test debut as a teenager in Nov 1989.  Slideshow 

20 years on, Sachin still feels he's 16
Video: Sachin on two decades in cricket
Slideshow: Tendulkar - Off the field

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